Mary offered to sell mike several pieces of rare chinese art at a very good price because they were duplicates in her own collection. mike could not accept the offer at that time, but he did give mary $500 in return for her promise to keep her offer open for three (3) weeks. mike returned with the agreed-upon balance two weeks later to find that mary already had sold the pieces she had offered to sell to him. mary explained that she had been able to get a better price from another buyer. she offered to return mike's $500 and insisted that this was all she was obligated to do. is mary right?

Synovec co. is growing quickly. dividends are expected to grow at a rate of 24 percent for the next three years, with the growth rate falling off to a constant 7 percent thereafter. if the required return is 11 percent, and the company just paid a dividend of $2.05, what is the current share price? (do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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Greenway industries is a major multinational conglomerate. its business units compete in a range of industries, including home appliances, pharmaceuticals, commercial real estate, and plastics manufacturing. although its largest business unit, which produces kitchen appliances, is among the most profitable in the industry, it generates only 35 percent of the company's revenues. which of the following is most likely true of greenway's stock price? a. it is valued at less than the sum of its individual business units. b. it is valued at greater than the sum of individual business units. c. it is valued at the exact sum of individual business units. d. it is consistently lower than the industry average. it is valued at greater than the sum of individual business units.